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S. 203: BRACE Act of 2019

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About the bill

Is this legislation dealing with train maintenance on the right track?

Context

There are more than 600 regional railroads and so-called “short lines” across the country, constituting 29% of the nation’s freight rail. A popular federal tax credit created in 2004 equals half of the costs for railroad maintenance and track improvement for these rail lines.

The tax credit has proved popular and been perpetually extended. It was originally enacted to last from 2004 to 2009. Then a year later in 2010, it was both retroactively applied and extended to 2012. Similar provisions kept happening every few years.

In December 2019, the tax credit was extended once again to 2022.

What the legislation does

The Building Rail Access for Customers and the Economy (BRACE) Act would make the railroad ...

Sponsor and status

Michael Crapo

Sponsor. Senior Senator for Idaho. Republican.

Read Text »
Last Updated: Jan 24, 2019
Length: 2 pages
Introduced
Jan 24, 2019
116th Congress (2019–2021)
Status

Introduced on Jan 24, 2019

This bill is in the first stage of the legislative process. It was introduced into Congress on January 24, 2019. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis
2% chance of being enacted according to Skopos Labs (details)
Source

History

Jan 24, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
 
Passed Committee

 
Passed Senate

 
Passed House

 
Signed by the President

S. 203 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number S. 203. This is the one from the 116th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 203 — 116th Congress: BRACE Act of 2019.” www.GovTrack.us. 2019. May 28, 2020 <https://www.govtrack.us/congress/bills/116/s203>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.